DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
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Former SEC-registered adviser
A••••• P•••
Latest filing Mar 26, 2024
First filing on the tape Mar 31, 2012 · 23 filings
RAUM
$1.1B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
97%
$1.1B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
21
11 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
2
$14.3M gross assets
History
23 filings and snapshots on the tape
RAUM$1.1B as of Mar 26, 2024
Mar 31, 2012$433M then
HNW client RAUM$1.0B as of Mar 26, 2024
Mar 29, 2018$650M then
State-registered IARs (5.B.3)6 as of Mar 26, 2024
Apr 1, 20136 then
Employees (5.A)21 as of Mar 26, 2024
Apr 1, 201318 then
Private funds2 as of Mar 26, 2024
Apr 1, 20134 then
RAUM +13% over the last fiscal year+7.4% a year over threeIARs 5 to 6
Practice profile
derived from the filing of Mar 26, 2024; every figure names its basis
- RAUM per advisor
- $183MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 57derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.1MderivedHNW RAUM over HNW clients
- Average account
- $503,079derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 1.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.5derivedItem 5.A over advisors
- Advisors per office
- 3.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +13%derivedbetween the last two annual amendments
- Advisor growth, one year
- +20%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.9%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisersreportedItem 5.G
- Custody
- $99.7M, 114 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.0B91%
- Individuals$62.8M5.7%
- Pension and profit-sharing plans$17.3M1.6%
- Pooled investment vehicles$14.3M1.3%
- Charitable organizations$1.3M0.1%
- Individual clients
- 102reported
- HNW clients
- 242reported
- Pension plan clients
- 5reported
- Charitable clients
- 3reported
- Accounts
- 2,179reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $99.7M for 114 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
- J•••• L•• M••••• to C• A•••••••• L••Aug 28, 2024 · RIA to RIA
- S•••• E•••••••• C•••• to C• A•••••••• L••Aug 28, 2024 · RIA to RIA
- M•••••• J•••• to C• A•••••••• L••Aug 28, 2024 · RIA to RIA
- M•••••• A••• F•••• to C• A•••••••• L••Aug 28, 2024 · RIA to RIA
- D••••• H••••• H••••••••• to C• A•••••••• L••Aug 28, 2024 · RIA to RIA
- J•••••• G••••• M•••••• to K••••• A•••••••• L••Sep 26, 2017 · Other
- J••• E• P•••• to M••••• S••••••Jan 13, 2016 · Other
- L••• M•••• S••••• to G••• L••• A•••••••• L••Dec 7, 2015 · Other
- W•••••• B• F••••• to B•••• F•••••••• S•••••••• L••Apr 19, 2010 · Other
- M••••• X••••• S•••••• to B•••• M••••••• C•••••• M••••••••• L••Mar 18, 2009 · Other
Joined, latest
- M•••••• A••• F•••• from L•• F•••••••• L••May 24, 2012 · Other
- L••• M•••• S••••• from M•••••• L••••• P•••••• F••••• • S•••• I•••••••••Jul 22, 2010 · Other
- J•••••• G••••• M•••••• from C••••• I••••••••• S••••••• L••Jul 12, 2010 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 4 left for C• A•••••••• L••Aug 28, 2024 · Richmond, Va · Firm absorbed
Private funds
3 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| M•• I••••••••• I••••• F•••• L• | Securitized Asset Fund | $135,036 | 28 | Apr 1, 2013 |
| M•• P•••••• E••••• P••••••• 2•••• L• | Private Equity Fund | $38,288 | 36 | Apr 1, 2013 |
| M•• V•••••• P••••••• 2•••• L•••no longer reported | Venture Capital Fund | $14,000 | 22 | Apr 1, 2013 |
Owners and control persons
Schedule A and B, latest filing
- J••••• C•••••• · Chief Operating Officercontrolsince 01/2015 · owns less than 5%
- J••••• M•••••• · Presidentcontrolsince 01/1993 · owns 75% or more
- O••• A•••• · Chief Compliance Officercontrolsince 01/2017 · owns less than 5%
- F••••• M••••••• A••• · Principal, Financial Strategistsince 01/2018 · owns less than 5%
- M•••••• J••••• L•• · Principal, Financial Strategistsince 01/2018 · owns less than 5%
- N•••••• V•• · Principal, Director Of Client Servicessince 01/2020 · owns less than 5%
Related persons
Schedule D 7.A
- B•••••• P•••••••• L••pooled vehicle sponsorn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Bethlehem, Pa | 0 | 0 | 0 | ||
| Richmond, Va · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Bethlehem, PA4 employees
What changed
consecutive filings, newest first
- Accounts · 2,057 to 2,179Mar 30, 2023 to Mar 26, 2024
- Charity clients · unset to 3.0Mar 30, 2023 to Mar 26, 2024
- HNW clients · 266 to 242Mar 30, 2023 to Mar 26, 2024
- Individual clients · 75 to 102Mar 30, 2023 to Mar 26, 2024
- Pooled vehicle clients · 3 to 2Mar 30, 2023 to Mar 26, 2024
- Assets in custody · $85.5M to $99.7MMar 30, 2023 to Mar 26, 2024
- Employees · 19 to 21Mar 30, 2023 to Mar 26, 2024
- State-registered IARs · 5 to 6Mar 30, 2023 to Mar 26, 2024
- Private funds · 3 to 2Mar 30, 2023 to Mar 26, 2024
- Discretionary RAUM · $970M to $1.1BMar 30, 2023 to Mar 26, 2024
- HNW RAUM · $907M to $1.0BMar 30, 2023 to Mar 26, 2024
- Individual RAUM · $36.1M to $62.8MMar 30, 2023 to Mar 26, 2024
- Non-discretionary RAUM · $2.6M to $12.3MMar 30, 2023 to Mar 26, 2024
- Pension RAUM · $14.0M to $17.3MMar 30, 2023 to Mar 26, 2024
- Pooled vehicle RAUM · $13.7M to $14.3MMar 30, 2023 to Mar 26, 2024
- RAUM · $973M to $1.1BMar 30, 2023 to Mar 26, 2024
- Accounts · 1,942 to 2,057Mar 31, 2022 to Mar 30, 2023
- Advisory employees · 10 to 11Mar 31, 2022 to Mar 30, 2023
- HNW clients · 261 to 266Mar 31, 2022 to Mar 30, 2023
- Individual clients · 73 to 75Mar 31, 2022 to Mar 30, 2023
- Assets in custody · $110M to $85.5MMar 31, 2022 to Mar 30, 2023
- Discretionary RAUM · $1.1B to $970MMar 31, 2022 to Mar 30, 2023
- HNW RAUM · $987M to $907MMar 31, 2022 to Mar 30, 2023
- Individual RAUM · $46.0M to $36.1MMar 31, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $1.1M to $2.6MMar 31, 2022 to Mar 30, 2023
- Pension RAUM · $13.3M to $14.0MMar 31, 2022 to Mar 30, 2023
- Pooled vehicle RAUM · $18.8M to $13.7MMar 31, 2022 to Mar 30, 2023
- RAUM · $1.1B to $973MMar 31, 2022 to Mar 30, 2023
- Accounts · 1,732 to 1,942Mar 30, 2021 to Mar 31, 2022
- Advisory employees · 11 to 10Mar 30, 2021 to Mar 31, 2022
- HNW clients · 243 to 261Mar 30, 2021 to Mar 31, 2022
- Individual clients · 63 to 73Mar 30, 2021 to Mar 31, 2022
- Assets in custody · $77.9M to $110MMar 30, 2021 to Mar 31, 2022
- Employees · 21 to 19Mar 30, 2021 to Mar 31, 2022
- Discretionary RAUM · $885M to $1.1BMar 30, 2021 to Mar 31, 2022
- HNW RAUM · $831M to $987MMar 30, 2021 to Mar 31, 2022
- Individual RAUM · $25.6M to $46.0MMar 30, 2021 to Mar 31, 2022
- Non-discretionary RAUM · $0 to $1.1MMar 30, 2021 to Mar 31, 2022
- Pension RAUM · $10.1M to $13.3MMar 30, 2021 to Mar 31, 2022
- Pooled vehicle RAUM · $16.6M to $18.8MMar 30, 2021 to Mar 31, 2022
Signals
6 dated events
- M•••••• A••• F•••• left A••••• P••• for C• A•••••••• L•• (registered 2024-08-16)Aug 28, 2024 · Advisor changed firm · fact
- J•••• L•• M••••• left A••••• P••• for C• A•••••••• L•• (registered 2024-08-16)Aug 28, 2024 · Advisor changed firm · fact
- M•••••• J•••• left A••••• P••• for C• A•••••••• L•• (registered 2024-08-16)Aug 28, 2024 · Advisor changed firm · fact
- S•••• E•••••••• C•••• left A••••• P••• for C• A•••••••• L•• (registered 2024-08-16)Aug 28, 2024 · Advisor changed firm · fact
- D••••• H••••• H••••••••• left A••••• P••• for C• A•••••••• L•• (registered 2024-08-16)Aug 28, 2024 · Advisor changed firm · fact
- A••••• P•••'s advisors moved to C• A•••••••• L•• (Richmond, VA): 4 of 5 registered, on the same dayAug 28, 2024 · Firm absorbed (people side) · derived
Across DFX
shared identifiers only, never a name match
- A••••• P••• · Private Equityshared crd · organization
- A••••• P••• · Venture Capitalshared crd · organization
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026